The beauty with the bubble, is that people in Blue cities will most likely get hit the hardest.
Boston, Chicago, San Fran,Seattle and Portland. Oh well.
I suppose after losing 30% of their home value, they'll be tighter when it comes to funding liberal candidates.
Here is my supporting evidence, from the Seattle PI:
http://seattlepi.nwsource.com/national/1110AP_Fleeing_Big_Cities.html
Census: Americans are fleeing big cities
By STEPHEN OHLEMACHER
ASSOCIATED PRESS WRITER
WASHINGTON -- Americans are leaving the nation's big cities in search of cheaper homes and open spaces farther out.
Nearly every large metropolitan area had more people move out than move in from 2000 to 2004, with a few exceptions in the South and Southwest, according to a report being released Thursday by the Census Bureau.